Business
ASX to open lower; Wesfarmers, CSL set to report – The Sydney Morning Herald
Futures are pointing to a drop of 34 points, or 0.5 per cent, at the open as major corporates are set to reveal their half-year earnings.
[Target is] now expected to be profitable for the full financial year before one-off costs, the company said. Wesfarmers reported $34 million in one-off costs for the half related to the restructuring of Target, which will see it shut or convert 167 stores around the country.
Wesfarmers broader business also reported huge jumps in sales, with the companys total revenue for the half rising 16.6 per cent to $17.7 billion, and net profit after tax rising 25.5 per cent to $1.4 billion.
Hardware chain…
-
Noosa News11 hours agoIf RISING’s 2025 Program Wasn’t Already Big Enough for You, Melbourne’s Winter Arts Festival Has Just Expanded Its Lineup
-
Noosa News23 hours agoLeaked live export aid plan fuels fears funding won’t help sheep farmers
-
Noosa News21 hours agoBrisbane River ‘lifestyle precinct’ finally given the green light
-
Noosa News21 hours agoBrisbane just outranked Paris on this list. Have the rules been rigged in our favour?